GMP FirstEnergy Remains a Buy on Enghouse Systems

By Austin Angelo

Enghouse Systems (TSX: ENGH), the Technology company, was revisited by a Wall Street analyst on March 10. Analyst Deepak Kaushal from GMP FirstEnergy remains bullish on the stock and has a C$67 price target.

According to TipRanks.com, Kaushal is a 1-star analyst with an average return of -2.1% and a 42.9% success rate. Kaushal covers the Technology sector, focusing on stocks such as Nokia Corp, BlackBerry, and Exfo Inc.

Currently, the analyst consensus on Enghouse Systems is Moderate Buy and the average price target is C$64.67, representing a 12.4% upside.

In a report issued on March 7, Scotiabank also maintained a Buy rating on the stock with a C$64 price target.

The company has a one year high of C$64.39 and a one year low of C$48.40. Currently, Enghouse Systems has an average volume of 31.86K.

Enghouse Systems Ltd. engages in the development of enterprise software solutions. The company operates through the Interactive Management Group and Asset Management Group segments. The Interactive Management Group segment specializes in customer interaction software and service that are designed to provide customer service, increase efficiency and manage customer communications. The Asset Management Group segments provides portfolio of products to telecommunication service providers, fleet managements and public safety software solutions for various industries. The company was founded on November 23, 1984 and is headquartered in Markham, Canada.